Interest Rates
Domestic Term deposits FCNR Deposits Advances EMI Chart

Domestic Term Deposits/ NRO Term Deposits

Interest Rate on Domestic Term Deposits/ NRO Term Deposits
Duration For Amount less than Rs. 1.00 crore (% per annum w.e.f. 01.09.2016) For Amount Rs. 1 crore to Rs. 5 crore (% per annum w.e.f. 04.07.2016)
7 to 14 Days 4.50 4.75
15 to 30 Days 4.75 5.00
31 to 45 days 5.25 5.25
46 to 90 days 6.00 6.00
91 days to 119 days 6.50 6.50
120 days to 180 days 6.50 6.50
181 days to 270 days 7.00 6.75
271 days to 364 days 7.25 6.75
365 days/ One year 7.30 7.00
Above 1 year to 443 days 7.30 6.75
444Days/Mahanidhi 7.35 6.75/N.A.*
445 Days to 665 days 7.30 6.75
666 Days/ Maha Labh
7.35 6.75/N.A.*
667 Days to less than 2 Years 7.30 6.75
2 years to less than 3 years 7.30 6.75
3 years/Mahalaximi 7.25 6.75/N.A.*
Over 3 years to 5 years 7.25 6.75
Over 5 years to 10 years 7.25 6.50
Bank Term Deposits Scheme 2006 (5 years Tax Saving Scheme) - upto Rs. 1.5 lac only 7.25 NA
*Mahanidhi/Mahalabh/Mahalaxmi are applicable below Rs. 1 crore only.
  • For Deposit above Rs. 5 Crore, please contact our nearest Branch/Zonal Office.
  • Resident Indian Senior Citizens will be offered an additional rate of 0.50% p.a. only for all maturity slabs of 91 days and above for deposits upto Rs. 1 crore only.The additional interest is not applicable to any type of non-resident deposits.
  • A member or a retired member or the spouse of a deceased member or spouse of a deceased retired member of the Bank’s staff will be offered an additional interest rate of 1.00% only upto an amount of Rs. 1 crore only.
  • Senior citizen retired members of staff of the Bank will be given dual benefit of additional interest offered to retired staff members and senior citizens as well for deposit upto Rs. 1 Crore Only.
  • In case of premature withdrawal of deposits, interest is payable at the rate applicable to the period for which deposit has been actually held with the Bank.
  • On premature withdrawal of term deposits, for deposits up to 1 year maturity (tenor at the time of opening the account) there will NO PENALTY on the applicable interest rate. Interest rates on prematurely withdrawn term deposits with maturity period more than 1 year will be 1% below the applicable rate.
  • Deposits to be accepted for a maximum period of 10 years.
  • All rates are subject to change from time to time.
IMPORTANT: Bank of Maharashtra never ask for Bank account details for any purpose through phone call/email/SMS.

Bank appeals to all the customers not to respond to such phone call/email/SMS and not to share their bank account detail with any one for any purpose. Never share your CVV/ PIN No. of Debit/Credit card to anyone.